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Sforex
10 nov. 2013 17:16

Long U/C in the long term. Long

FX:USDCAD1D
U.S. Dollar/Canadian DollarFXCM

Description

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CAD is affected by OIL price and Gold price.

OIL and Gold decrease because many reasons.

So I think U/C will move to 1.0588 resistence level in the long term.

Gold and OIl decrease----> CAD devalue ---> U/C rallies.
Commentaires
isomorph
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in the long term you might be right, but intraday, u/c down, gold up, and then reverse again.
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